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What is AuditBoard?

Industry Specialties: Serves all industries.

AuditBoard is a comprehensive software solution designed to streamline risk management and compliance tasks. It is particularly well-suited for industries such as finance, healthcare, and manufacturing, where regulatory compliance and risk assessment are critical. The platform offers robust features like real-time risk monitoring, automated workflows, and customizable dashboards, which enhance efficiency and accuracy in managing risks. Users appreciate its intuitive interface and seamless integration capabilities, which set it apart from similar products. AuditBoard's ability to centralize risk data and provide actionable insights is a significant advantage, making it a preferred choice for organizations aiming to enhance their risk management processes. While specific pricing details are not publicly available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Overall, AuditBoard is recognized for its effectiveness in simplifying complex risk management tasks.
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#10

AuditBoard is ranked #10 in the Risk Management Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

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AuditBoard Pricing

Based on our most recent analysis, AuditBoard pricing starts at $75,000 (Annually, Quote-based).

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Starting From
$75,000
Pricing Model
Annually, Quote-based
Free Trial
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Training Resources

AuditBoard is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for AuditBoard:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

AuditBoard Benefits and Insights

Why use AuditBoard?

Key differentiators & advantages of AuditBoard

  • Streamlined Collaboration: AuditBoard facilitates seamless communication among team members, allowing for real-time updates and shared access to documents, which enhances teamwork and reduces email clutter.
  • Centralized Data Management: By consolidating all risk management data in one platform, AuditBoard eliminates the need for disparate systems, making it easier to track and analyze information.
  • Enhanced Risk Visibility: The software provides comprehensive dashboards and reports that offer clear insights into risk exposure, enabling proactive decision-making and strategic planning.
  • Automated Workflows: AuditBoard automates repetitive tasks such as reminders and follow-ups, freeing up valuable time for team members to focus on more critical analysis and strategy development.
  • Regulatory Compliance Support: With built-in frameworks and templates, AuditBoard helps organizations stay compliant with industry regulations, reducing the risk of penalties and enhancing audit readiness.
  • Customizable Reporting: Users can tailor reports to meet specific needs, ensuring that stakeholders receive relevant and actionable information that aligns with their objectives.
  • Scalability: As organizations grow, AuditBoard scales effortlessly, accommodating increased data volume and complexity without compromising performance or usability.
  • Improved Accountability: The platform assigns clear responsibilities and deadlines, fostering a culture of accountability and ensuring that tasks are completed efficiently and on time.
  • Data-Driven Insights: Advanced analytics tools within AuditBoard provide deep insights into risk trends and patterns, empowering organizations to make informed, data-driven decisions.
  • Secure Data Handling: With robust security measures in place, AuditBoard ensures that sensitive information is protected against unauthorized access, maintaining data integrity and confidentiality.
  • Integration Capabilities: AuditBoard seamlessly integrates with existing systems such as ERP and GRC platforms, enhancing functionality and ensuring a smooth flow of information across the organization.
  • Cost Efficiency: By reducing the need for multiple software solutions and minimizing manual processes, AuditBoard helps organizations save on operational costs while maximizing productivity.
  • Continuous Improvement: The platform supports ongoing refinement of risk management processes through regular updates and user feedback, ensuring that organizations remain agile and responsive to change.
  • User-Friendly Interface: With an intuitive design, AuditBoard is easy to navigate, reducing the learning curve for new users and increasing overall adoption rates across the organization.
  • Real-Time Monitoring: Continuous monitoring capabilities allow organizations to detect and respond to risks as they arise, minimizing potential impacts and enhancing resilience.

Industry Expertise

AuditBoard is a comprehensive platform that caters to large organizations with extensive GRC programs, particularly those needing to comply with regulations like SOX. It's ideal for managing risk, auditing, compliance, evidence collection, and issue remediation, making it a suitable choice for companies seeking a robust and scalable solution for their GRC needs.

Synopsis of User Ratings and Reviews

Based on an aggregate of AuditBoard reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

  • Streamlined Audits: AuditBoard helps make audits more efficient and effective by bringing together audit planning, risk assessments, and testing into a single system.
  • Easy to Use: Most users report that the platform is intuitive and easy to navigate, even for those who are new to using audit management software.
  • Improved Collaboration: AuditBoard facilitates better communication and collaboration among audit teams and stakeholders. This is done through features like real-time dashboards and automated workflows.
  • Valuable Insights: The platform provides businesses with valuable insights into their risk and compliance posture. This is achieved through data analytics and reporting features that help identify trends and areas for improvement.

Cons

  • Reporting Limitations: The built-in reporting features might lack flexibility, requiring integration with other business intelligence tools like Power BI for more insightful analysis.
  • Issue Management: Some users have reported that the issue management module is cumbersome and doesn't seamlessly integrate with other modules for comprehensive reporting.
  • Customization Constraints: While AuditBoard offers customization options, certain areas like the policy module might lack the desired flexibility for tailoring workflows, such as enforcing sequential review processes.

Researcher's Summary:

Is AuditBoard truly on board with meeting the needs of risk management professionals? User reviews from the past year suggest a resounding "yes," but with a few caveats. AuditBoard consistently earns praise for its user-friendly interface, making it a breeze to navigate even for those new to the world of risk management software. Users particularly appreciate the intuitive design and ease of use, highlighting how it simplifies complex tasks like documenting findings and managing workstreams. This ease of use is crucial, as it allows teams to quickly adapt to the software and maximize their efficiency without a steep learning curve.

However, some users have reported that AuditBoard can be a bit sluggish when dealing with large datasets, which could pose a challenge for larger organizations or those with complex data requirements. Additionally, while customer support is generally regarded as responsive and helpful, there have been mentions of inconsistencies, possibly due to team turnover. This inconsistency, though not a dealbreaker, could lead to occasional frustrations when seeking assistance. Despite these minor drawbacks, AuditBoard stands out for its robust reporting capabilities, automation features, and seamless integration with other systems. Users rave about how these features streamline their workflows, saving them valuable time and reducing the risk of errors.

For instance, the ability to generate custom reports with detailed insights into risk assessments and audit findings empowers organizations to make informed decisions and proactively mitigate potential issues. Overall, AuditBoard emerges as a powerful and intuitive risk management solution best suited for organizations of all sizes looking to enhance their risk management processes. Its user-friendly interface, coupled with its comprehensive features and generally strong customer support, makes it a compelling choice for businesses seeking to streamline their risk management operations and elevate their overall risk management posture. However, organizations dealing with massive datasets might need to consider the potential for slower performance.

Key Features

Notable AuditBoard features include:

  • Centralized Risk Management: Consolidate all risk-related data in one platform, allowing for streamlined tracking and analysis.
  • Automated Risk Assessment: Utilize built-in tools to automate the risk assessment process, reducing manual effort and increasing accuracy.
  • Customizable Dashboards: Create personalized dashboards to visualize key risk metrics and trends, tailored to specific organizational needs.
  • Real-Time Collaboration: Facilitate seamless communication among team members with integrated collaboration tools, ensuring everyone stays informed.
  • Comprehensive Audit Trails: Maintain detailed records of all changes and actions taken within the system, enhancing transparency and accountability.
  • Risk Heat Maps: Generate visual representations of risk levels across different areas, aiding in quick identification of high-risk zones.
  • Regulatory Compliance Tracking: Keep track of compliance requirements and deadlines with automated alerts and reminders.
  • Integration Capabilities: Connect with other enterprise systems such as ERP and GRC platforms to ensure data consistency and reduce duplication.
  • Role-Based Access Control: Assign specific permissions to users based on their roles, ensuring sensitive information is only accessible to authorized personnel.
  • Incident Management: Log and manage incidents efficiently, with tools to track resolution progress and analyze root causes.
  • Risk Register: Maintain a comprehensive list of identified risks, complete with detailed descriptions, potential impacts, and mitigation strategies.
  • Scenario Analysis: Conduct what-if analyses to evaluate the potential impact of different risk scenarios on business operations.
  • Audit Planning and Scheduling: Plan and schedule audits with ease, using templates and automated workflows to streamline the process.
  • Document Management: Store and organize all relevant documents in a centralized repository, ensuring easy access and retrieval.
  • Data Analytics and Reporting: Leverage advanced analytics to generate insightful reports, helping stakeholders make informed decisions.
  • Mobile Accessibility: Access the platform from mobile devices, allowing for risk management on-the-go.
  • Training and Support: Benefit from comprehensive training resources and responsive support to maximize the platform's utility.
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